Object rotation in 360
Yes.

Keyframe the rotation on the axis you like.
For example 


Object mode, select object,
select frame 0, insert keyframe rotation
select frame 40, rotate z 180, insert keyframe rotation
select frame 80, rotate z 180, insert keyframe rotation
play the animation frames  0-80 and witness the revolution
improve the animation


If you need a video tutorial please state so in the comments.